Comments about real estate, economy, and issues that affect my job as a Realtor.
Lately, of great importance is the display of the most important
PRE-CONSTRUCTION PROJECTS IN SOUTH FLORIDA.
My name is Henry B. Nathan
I am a realtor at United Realty Group.
My phone # is 954-296-6741

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Thursday, May 29, 2014

Seaside Project at North Beach Hollywood

The informal Jimbo's Sandbar is one my favorite bar/ restaurant on the water. It has been for some years now on the lot North of the old Martha's Restaurant. One of the last informal places where you can still sip a beer at sunset and enjoy some wonderfully greasy appetizers, this would be my dream of the scenery all along the Intracoastal from Miami to Fort Lauderdale. No fashionable restaurants, no trendy disco's; this is just what I want.

Jimbo's Sandbar

I had been wearily thinking about the land next door, which we knew as Martha's, in the late 80's a truly romantic restaurant where we would meet our friends for a good dinner and some fun on the dancing floor. It is evidently getting ready for some major construction.

I have read today in the Daily Business Review an article that somehow give me some peace of mind.

See why:

When Seaside Hollywood North Beach LLC approached the Hollywood City
Commission for a zoning change and site plan approval for 3.3 acres on
the Intracoastal Waterway, they weren't looking to increase density in
their proposed Seaside Village project.

Developers John
Passalacqua and Malcolm Resnick instead wanted to build less at 6024 N.
Ocean Drive, the longtime home of iconic Hollywood restaurant Martha's
on the Intracoastal south of the Dania Beach Boulevard bridge.

They've
demolished Martha's and want to replace it with a condominium
development set amid lush green landscaping and open space. Instead of
the existing North Beach development district zoning, Seaside Hollywood
sought a planned development designation that would limit the size of
the project.

"It was clear to everybody that the density was about
half of what the developer could have put on the property," said
Seaside attorney Wilson Atkinson, a shareholder with Buchanan Ingersoll
& Rooney | Fowler White Boggs in Fort Lauderdale. "The commission
complimented the project on its design and compatibility with the
neighborhood and approved it unanimously" Wednesday.

Seaside
controls about 900 feet of waterfront property with 720 feet of seawall
and a 240-foot cove on the south end. But on land with entitlements for
61 units, the developer proposed a total of 23 units in five three-story
buildings set 60 feet apart on the waterfront. Parking would also be
generous—a 4:1 ratio.

Plans for the $15 million project include an
11-slip marina, dockage for boats up to 60 feet, a swimming pool and
recreation center with a kitchen and barbecue area.
"We left a lot of money on the table. We really did," Passalacqua said. "But we also wanted to do the right thing."

Passalacqua,
who's lived in the city 30 years, sits on Hollywood's planning and
development board and is president of the North Beach Community
Association Inc.—two roles that influenced his project ideas.

"We
could have built anything allowable by code. The bottom line is you can
do a development that will not give open vistas to the community, but
we were very conscious about allowing the community to still enjoy the
open vistas of the Intracoastal," Passalacqua said. "It's a lifestyle.
We're not just giving square footage. It's about keeping with the
integrity of the building and showing you don't have to overbuild to do
the right thing."

Seaside developers had a bonus sometimes not
available to their peers in areas with escalating land prices. The group
acquired the land at a deep discount during a foreclosure action last
year.

Broward County records show the parcel traded for $6.24
million eight years earlier. But Seaside Hollywood bought the note for
$2.1 million and successfully entered a starting bid of $100 for the
foreclosed property. To pay off three years of back taxes, they shelled
out another $512,000 plus $250,000 in legal fees to clear notes on the
property for a total investment of just under $3 million.

"We took
a lot of risk. When you buy something like we did, you don't know how
the court is going to treat it, so we also bought all the risks,"
Passalacqua said. "That's the message we're sending here. It's an
example of conscientious development. I see the prices on some of these
recent deals, and I understand most developers don't have that option
because they pay too much. But we did what the community wanted. We're
going to make money, but we're also going to the do the right thing."

Seaside
Village will have a $26 million to $30 million sellout with units
priced at about $500 to $700 per square foot. The developers are
financing the project with partners Julie and Laurie Schecter, daughters
of Aaron Schecter, who built the first Century Village in western Palm
Beach County in the 1960s. The Schecters helped finance the land
acquisition, and Passalacqua will fund the development with Resnick, CEO
of Vintage Homes of Florida Inc. in Hollywood.

Vintage has built
numerous South Florida residential projects. Its latest project, White
Sands, is across the street from the Seaside Village site and includes
18 units priced from $1 million to $1.3 million.
"We didn't become
greedy," Passalacqua said. "I know the end users will be very happy. I
will leave something behind that shows we weren't pigs."

This is what I actually expect Seaside Village to become.

...If I can't have my waterside cafes, at least this would be acceptable.

PARAISO BAYVIEWS PRECONSTRUCTION IN MIAMI

Completion: Early 2017

Developer: Related Group

Interior Design: Karim Rashid

Landscape: ENEA, Zurich

From an extraordinary vision to a spectacular neighborhood, Related
Group’s master plan for an exquisite residential community is coming to
fruition. We are pleased to announce the next phase of the Paraiso
development – PARAISOBAYVIEWS by Karim Rashid.

A world of tranquility just minutes from the excitement of downtown Miami, Wynwood, the Design District, and Miami Beach.

A part of Edgewater’s new master plan neighborhood, with over 1000 lft of waterfront, lush parks and great outdoor spaces!

PARAISO BAYVIEWSLOCATION

31st Street, close to the Bay

Edgewater offers one last opportunity to live in a waterfront
property in Miami. Located in middle of the New Miami, blocks from
Downtown (cultural facilities-museums, performing arts center), Midtown,
Wynwood and Design District.

mentioning

PARAISO BAYVIEWS - PRE CONSTRUCTION CONDOS IN MIAMI

Wednesday, May 21, 2014

One of the top luxury pre-construction projects in the Miami area.

Chateau Ocean Pre-Construction

An amazing beachfront building with only 58 units. Not for the budget oriented, for sure, but a fine example of how to put at use the best resources to accomplish unheard-of level of luxury and magnificence.

Sizes: 3,325 sq ft to 7,100 sq ft

Units: 58

Floors: 12

Price starting at $1,500 per foot

at 94th Street and Collins Avenue, SURFSIDE.

300 ft of Atlantic Ocean frontage

10 ft ceilings in all residences.

Private elevators to all residences 2 Penthouses with private pools and the option of being combined.

All of the units are flow-through, views of either north or south and all of them with east and west views.

Thursday, May 15, 2014

Years ago, South of Aventura, on Biscayne Blvd., I used to
take my boat for service at a shop in the Maule Lake Marina.

It was a large place with lots of docks, slips, boat
storage; my boat mechanic happened to have his shop at the Marina.

Most of the time I would reach it by water. On my boat, going South, about a quarter mile
before reaching the then called Shooters waterfront cafe (now Duffy's), at the 163 street bridge, there
is a canal on the right (west) side of the Intracoastal.

A couple of blocks bordering some homes and you would be on open waters: Maule Lake. We would often water-ski on the lake, or throw
a fishing line for the kids, or just anchor the boat to enjoy the quiet waters at the sunset.

On the West edge of the lake was the large Maule Lake marina.

Years passed; my mechanic moved out of the marina, my kids grew
up, but I still navigated the canal close-by on my way to Bakers-Haulover inlet which is the
point I use to head offshore.

On its Biscayne Blvd. front, there was an outdoor furniture store right
next to it. It’sgone now. Not that
it was such a great view, but I had grown used to seeing the hundreds of boats
of all sizes around the docks or on trailers. I think that US customs stored on the site some seized vessels going to auction.

A little more than a year ago I noticed that something was
going on and then there was a large sign announcing a waterfront construction.
And I realized that the land would be used for residential homes.

I remember that the first thing that came to my mind was that whoever
owned the land had a great idea. Right on Biscayne Boulevard, where no one expects
to sea water, there was the open bay, and you could now see what was actually water and
the Maule lake.

Whatever is your idea about developing Miami, anything that
means a sensible usage of the waterways makes me happy.

Miami has this incredible network of canals, lakes and all
kind of waterways that is almost unique for a large city. If you have lived here and never took a ride
on a water taxi, enjoyed a drink and a sandwich on a friend’s boat,

....or hopped
at a waterfront bar for a icy beer and some greasy fried appetizers; if you
haven’t gone around admiring the mansions seen from the canals, or woken up
early and headed out half asleep to try for some snapper or Spanish mackerel,
then you haven’t reallylived here.

And
if you can do it from the backyard of the place where you live, then you should
bless the day you arrived here.

Marina Palms is somehow one of the versions of this dream. A couple
of buildings with all the bells and whistles of modern luxury, resting on a
lake, with close ocean access.

Large apartments with magnificent views and all
you can think of in terms of amenities and lavish comfort. And all this in a
quiet but so desirable area, steps from Aventura, its full-time shopping, some
of the best restaurants and bars in Miami, a few minutes from the classy Bal
Harbour, the Atlantic Ocean beaches, the new neighborhoods of Midtown, and the
Arts District, casinos, racetracks and shopping centers.

But then again, it’s always the closeness of the water what
captivates me.

At its price level, it might very much become my top choice over
most of the new construction in the territory between Miami and Fort Lauderdale.

Here what the developers have to say about the Marina Palms

Marina Palms Yacht Club and Residences

In
North Miami Beach, very close to Aventura, Gulfstream Village, yet at
driving distance from South Beach, Brickell and the most coveted areas
of South Florida, a new project on the water, that will include boat
slips for all its units, is the talk of the town.

MARINA PALMS YACHT CLUB and
RESIDENCES

Marina Palms Yacht Club and
Residences brings the yachting lifestyle back to Miami with the county’s first
luxury condominium and yacht club project in two decades.

The luxury condominium development
will pamper residents with white-glove amenities, high-end

finishes and unparalleled,
personalized services, while the private, full-service marina will offer 112
boat slips for yachts up to 90 feet in length,
and deepwater access to Haulover Inlet, just 20 minutes away,

BUILDING FEATURES

Gated entry

Secure garage parking

24-hour professional security and
video surveillance

WiFi throughout all common areas

e-Concierge app for iPad/mobile
access to Marina Palm’s

wide array of services and
amenities.

High-speed elevators

Lavish spa with sauna, steam and
private treatment rooms

Men’s & women’s locker rooms

State-of-the-art fitness center

Professional grade studio for
yoga/pilates

News café with daily newspaper
service

Club room with 100”+ television

Billiards table with bar

Executive business lounge with
conference room

Pet-friendly environment

MARINA

112-slip private marina for yachts
up to 90 feet in length

Full-time dock master

Full service yacht club concierge

Fueling services

Dockside high speed internet and
cable TV

Well-equipped sundry store

Picturesque marina promenade

OUTDOOR AMENITIES

Water sports including boating, jet
skiing, kayaking,

water skiing, wind surfing and
snorkeling

Lushly landscaped, 14-acre lifestyle
enclave on

750 linear feet of prime waterfront

Resort-style pool deck with infinity
pool, hot tub

and stunning waterfront views

Outdoor gourmet kitchen

Dedicated children’s pool, children’s
outdoor playground

Convenient dog park access at East
Greynolds Park

SERVICES

24-hour valet parking

Personal butler service

On-site car wash service and
detailing

Pool attendants

Tennis club membership

Pet station

Pet spa services

Activity rooms for children and
teens

RESIDENCES FEATURES

Imported Italian cabinetry by
Snaidero with stone countertops

Grohe bathroom fixtures

Subzero and Wolf appliances

Elegant floating Italian bathroom
vanities by Snaidero

Frameless glass enclosed showers
with hand-held head in bathrooms

Generous 8-foot deep private
terraces with glass railings

Expansive marina and panoramic water
views of Intracoastal and beyond

Freestanding soaking tubs in master
bathroom

Large walk-in closets

Smart technology ready

Solid core doors throughout

Sound insulated walls throughout

Spacious open floor plans with
ceilings heights in excess of 9’

Full-sized, front loaded washer and
dryer in every residence

HOW TO PURCHASE:
1. Contact me at 954-296-6741 or 1-800-416-2747 and request inventory of available units.